The University of La Verne has agreed to pay $8.9 million to students who were a part of the class action lawsuit that called for a partial refund of tuition and fees for the spring 2020 semester.
Moody's Investors Services revised the University of La Verne's stable outlook to negative after affirming its “A3” issuer and revenue bond rating last month.
The University of La Verne was classified as financially stable after receiving an “A” rating from Fitch Ratings last month. Fitch Ratings is an organization that publishes credit ratings for corporations and other institutions based on their ability to meet financial commitments, such as paying off debts.
With the University of La Verne facing a marked decline in student enrollment, a group of faculty and administrators are working on a "Sustainability Plan” to bridge the anticipated tuition revenue gap and hopefully reverse the trend.
The University of La Verne has named Kathy Duncan, professor of management, as the interim dean for the University of La Verne College of Health and Community Well-Being. Duncan will take the helm on Jan. 1.
University of La Verne alumnus, former faculty member and former head of academic advising Eric Bishop returned to the University of La Verne this month, after many years away, in the new role of interim vice president of enrollment management on Nov. 7.